REVEALED: Why Andretti & His ‘Fully American’ Investors are Interested in F1

Michael Andretti has recently opened up about his upcoming F1 team. The son of Mario Andretti is due to get the final certificate from FIA before he can launch his team named ‘Andretti Global’. The team will be the 11th on the grid and is due to take part in 2024 if the F1 governing body gives a positive nod.

The Andretti family is already in the motorsports business. They own ‘Andretti Autosport’ in the American Indycar series. After a failed bid to take over the Alfa Romeo team, the junior Andretti finally made up his mind to launch his own team.

In a Twitter post, Adam Stern, the Motorsport journalist at the Sports Business Journal has conveyed, “@MichaelAndretti says the investors and sports team owners backing his @F1 team bid are ‘fully American’ and that they got involved in part because of the series’ growth here.”

Read More: Christian Horner Welcomes ‘Powerful’ Andretti F1 Entry Despite Toto Wolff’s Concerns

What made the Americans invest in Michael Andretti?

F1 has recently gained huge popularity in the United States. The craze for the sport has surged ever since Netflix released their F1-centric docu-series ‘Drive to Survive’. Drive to Survive has generated massive popularity, as it is one of a kind series produced by the streaming giant.

Drive to Survive is doing supremely well, with the fourth season to come out in a few days. Netflix, being an American company, has a huge user base in the United States. Although F1 is mainly a European sport given most of the teams have their base in and around Europe.

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The United States has always been a hub for the sport. However, a global sport like F1 has limited access to this country. Out of 10 teams in the sport, Haas is the only team representing America.

With the increase in popularity of the sport in the United States, the investors from the country are ready with Michael Andretti. Even though Michael has declined to give details of his investors, it is clear that Netflix’s Drive to Survive series got the investors to invest more and more in Formula 1.